How to Write a Great Business Plan

Reading the entire text of this document is the first step in preparing your great business plan.

There are two basic reasons for preparing an extensive business plan. First, it requires the entrepreneur to thoroughly investigate the factors that will have a bearing on the success of the business. Second, preparing a great business plan will enhance the ability of the entrepreneur to secure financing by providing an organized overview of the venture for lenders and investors. It also provides insight into the entrepreneur’s ability to define and develop strategies for critical areas of the business.

The following outline has been prepared to help the entrepreneur assemble the facts that are essential to good business planning and to develop a great business plan. Complete your business plan using the accompanying outline to ensure that the necessary details are included. Keep in mind that thoroughness, clarity, and rationality of the plan are all factors that will play key roles in successfully financing, starting, and operating your business.

Because these guidelines were written to cover a variety of possible businesses, rigid adherence to them is not possible or even desirable for all businesses. Not all parts of all sections will be necessary for each individual’s business plan. By using this tutorial, however, you will produce a great business plan for your business.

2 Comments

Thanks for such an informatively focused, concise article … among my own weaknesses, in regard to preparing and presenting my own plans effectively.
Although I do tend to wander/ramble?
I feel that something should be said of a company’s ultimate goals, beyond the obvious desire to profit; an overall vision.